Stock Market Rebounds, Nvidia & Walmart Boost, Fed Rate Cut Hopes

Stock markets rebounded Friday, with the S&P and Nasdaq gaining, and the Dow surging by nearly 500 points. Nvidia and Walmarts strong earnings reports contributed to the positive sentiment. However, a mixed jobs report and ongoing inflation present challenges for the Federal Reserve. Expectations for interest rate cuts, which typically boost stock market enthusiasm, were revived when John C. Williams suggested another cut might be appropriate.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.